Federal Signal (FSS) Tops Q3 EPS by 5c, Updates Outlook

Federal Signal (NYSE: FSS) reported Q3 EPS of $0.42, $0.05 better than the analyst estimate of $0.37. Revenue for the quarter came in at $280 million versus the consensus estimate of $282.9 million.

GUIDANCE:

Federal Signal sees FY2020 EPS of $1.58-$1.66, versus the consensus of $1.61.

• Our track record of solid execution during these challenging times and the continued strength of our backlog provide us with confidence in the year," noted Sherman. "As a result, we are raising our 2020 adjusted EPS* outlook to a new range of $1.58 to $1.66, from a range of $1.53 to $1.65. The new range would represent the second highest adjusted EPS* in our history, surpassed only by the record set last year."

For earnings history and earnings-related data on Federal Signal (FSS) click here.

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